Description

BSE announces listing of three new debt securities issued by Kotak Mahindra Prime Limited on private placement basis with interest rates ranging from 7.09% to 7.83% per annum.

Summary

BSE has listed three new debt securities issued by Kotak Mahindra Prime Limited on private placement basis, effective November 13, 2025. The securities comprise 89,500 units across three tranches with varying interest rates (7.09%, 7.288%, and 7.83% per annum) and maturity dates in 2028. All securities are rated AAA/STABLE and will trade exclusively in dematerialized form on the BSE Debt segment.

Key Points

  • Three debt securities listed with total quantity of 89,500 units (70,000 + 10,000 + 9,500)
  • Face value of Rs. 1,00,000 per unit across all tranches
  • Date of allotment: November 12, 2025
  • Interest payment frequency: Annually for all securities
  • All securities rated CRISIL AAA/STABLE (two tranches also rated ICRA AAA/STABLE)
  • Trading only in dematerialized form under respective ISIN numbers
  • Tick size: 1 paise
  • No put/call options available

Security Details

Tranche 1 (ISIN: INE916DA7TG1)

  • Quantity: 70,000 units
  • Scrip Code: 977290 (709KMPL28)
  • Interest Rate: 7.09% per annum
  • Issue Price: Rs. 1,00,004.6071
  • Redemption Date: August 21, 2028

Tranche 2 (ISIN: INE916DA7TE6)

  • Quantity: 10,000 units (Further Listings under same ISIN)
  • Scrip Code: 977119 (7288KMPL28)
  • Interest Rate: 7.288% per annum
  • Issue Price: Rs. 1,00,835.4753
  • Redemption Date: October 24, 2028
  • Dual rating: CRISIL AAA/STABLE and ICRA AAA/STABLE

Tranche 3 (ISIN: INE916DA7SJ7)

  • Quantity: 9,500 units (Further Listings under same ISIN)
  • Scrip Code: 974974 (783KMPL28)
  • Interest Rate: 7.83% per annum
  • Issue Price: Rs. 1,04,258.9507
  • Redemption Date: July 13, 2028
  • Dual rating: CRISIL AAA/STABLE and ICRA AAA/STABLE

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Securities must be traded under the specified ISIN numbers
  • Trading members should refer to the Placement Memorandum available at BSE website for detailed information
  • For clarifications, trading members may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: November 12, 2025
  • Listing Date: November 13, 2025
  • Interest Payment: Annually from allotment date
  • Redemption Dates:
    • Tranche 1: August 21, 2028
    • Tranche 2: October 24, 2028
    • Tranche 3: July 13, 2028

Impact Assessment

This is a routine debt listing with minimal market-wide impact. The listing provides:

  • Additional debt instruments for institutional and qualified investors in the BSE Debt segment
  • AAA-rated investment options with tenures of approximately 3 years
  • Interest rate options ranging from 7.09% to 7.83% per annum, reflecting prevailing market conditions
  • Liquidity options for investors in Kotak Mahindra Prime Limited debt securities

The impact is limited to debt market participants and does not affect equity markets or broader trading operations. The high face value (Rs. 1,00,000) indicates these are institutional-grade instruments.

Impact Justification

Routine listing of debt securities on private placement basis with limited market-wide impact, affecting only debt segment participants and specific investors